Individual Investor Acquires Stake in SmartDraft
June 1, 2024
Rejigg facilitated the sale of SmartDraft, a civil engineering software company based in Van Buren, Arkansas, to an unnamed individual investor who acquired roughly half the company with an option to buy a majority over the next three years. The deal closed June 1; the buyer and founder Rex Cooper plan to collaborate on product modernization, workflow improvements, and expanding market awareness.
- Buyers
- Unnamed individual investor
- Targets
- SmartDraft
- Sellers
- Rex Cooper
- Industry
- Software
- Location
- Arkansas, United States
- Transaction Type
- Growth capital
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